By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Tinubu Declares End of Petrol Subsidy Era
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Tinubu Declares End of Petrol Subsidy Era

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: May 29, 2023
Share
1 Min Read
Asiwaju Bola Tinubu
Asiwaju Bola Tinubu
SHARE

In a groundbreaking inaugural speech as the newly elected President of Nigeria, Bola Tinubu boldly declared an end to the long-standing petrol subsidy regime.

The announcement, made on Monday, has sent ripples of anticipation throughout the nation as Nigerians eagerly await the transformative effects this decision may bring.

President Tinubu’s address was filled with promises of change and a firm commitment to tackling the economic challenges that have plagued the country for years.

With the elimination of the fuel subsidy, he aims to redirect the considerable funds saved towards more sustainable and development-oriented initiatives.

- Advertisement -

“No provision is there for fuel subsidy [in the budget]. So fuel subsidy is gone. Subsidy can no longer justify an ever-increasing cost in the wake of dry resources. We shall instead rechannel [funds towards] public infrastructure, education, etc.”

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Petrol Subsidytinubu
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Ecobank Nigeria Sets Stage for Second Edition of Lagos Adire Festival
Next Article READ: Tinubu’s Inaugural Speech as Nigeria’s President [FULL TEXT]

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 15 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Nationwide SIM Services Disruption Looms as NIMC Transitions to New Identity Verification Platform
News
Aminu Dantata Buried in Madinah as Prayers Echo from Nigeria to Saudi Arabia
News
Atiku, PDP Leaders Hold Strategic Meeting Ahead of Opposition Coalition Talks
Politics
Styrofoam
Lagos Begins Enforcement of Ban on Styrofoam, Single-Use Plastics Despite Industry Pushback
News
Federation Cup Glory: Governor AbdulRahman AbdulRazaq Rewards Kwara United Players with N5 Million and Land
Sport
- Advertisement -
Ad imageAd image

You May Also Like

Politics

Igbo Youths Tie 2027 Support to Kanu’s Release Following Kenyan Court’s Landmark Ruling

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 1, 2025
Tech

Ericsson Unveils New Regional Headquarters in Riyadh to Boost Digital Innovation

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 1, 2025
Tech

MTN Nigeria Unveils Cloud Data Centre to Boost Tech Innovation, Cut FX Exposure

Muhammad A. Aliyu
Muhammad A. Aliyu
July 1, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?